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Competition and coordination in experimental minority games

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  • Giulio Bottazzi

    ()

  • Giovanna Devetag

    ()

Abstract

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File URL: http://hdl.handle.net/10.1007/s00191-006-0040-6
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Bibliographic Info

Article provided by Springer in its journal Journal of Evolutionary Economics.

Volume (Year): 17 (2007)
Issue (Month): 3 (June)
Pages: 241-275

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Handle: RePEc:spr:joevec:v:17:y:2007:i:3:p:241-275

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Web page: http://link.springer.de/link/service/journals/00191/index.htm

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Related research

Keywords: Coordination; Minority game; Market efficiency; Information; Self-organization; C72; C92; D83;

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References

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  1. John Duffy & Ed Hopkins, 2004. "Learning, Information and Sorting in Market Entry Games: Theory and Evidence," ESE Discussion Papers 78, Edinburgh School of Economics, University of Edinburgh.
  2. Reinhard Selten & M. Schreckenberg & Thomas Pitz & T. Chmura & S. Kube, 2003. "Experiments and Simulations on Day-to-Day Route Choice-Behaviour," CESifo Working Paper Series 900, CESifo Group Munich.
  3. Challet, D. & Zhang, Y.-C., 1997. "Emergence of cooperation and organization in an evolutionary game," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 246(3), pages 407-418.
  4. Mehta, Judith & Starmer, Chris & Sugden, Robert, 1994. "The Nature of Salience: An Experimental Investigation of Pure Coordination Games," American Economic Review, American Economic Association, vol. 84(3), pages 658-73, June.
  5. Sundali, James A. & Rapoport, Amnon & Seale, Darryl A., 1995. "Coordination in Market Entry Games with Symmetric Players," Organizational Behavior and Human Decision Processes, Elsevier, Elsevier, vol. 64(2), pages 203-218, November.
  6. Erev, Ido & Roth, Alvin E, 1998. "Predicting How People Play Games: Reinforcement Learning in Experimental Games with Unique, Mixed Strategy Equilibria," American Economic Review, American Economic Association, vol. 88(4), pages 848-81, September.
  7. Amnon Rapoport & Darryl A. Seale & Ido Erev & James A. Sundali, 1998. "Equilibrium Play in Large Group Market Entry Games," Management Science, INFORMS, INFORMS, vol. 44(1), pages 119-141, January.
  8. Arthur, W Brian, 1994. "Inductive Reasoning and Bounded Rationality," American Economic Review, American Economic Association, vol. 84(2), pages 406-11, May.
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Cited by:
  1. Jona Linde & Joep Sonnemans & Jan Tuinstra, 2013. "Strategies and Evolution in the Minority Game: A Multi- Round Strategy Experiment," Tinbergen Institute Discussion Papers 13-043/I, Tinbergen Institute.
  2. Thorsten Chmura & Werner Güth, 2011. "The Minority of Three-Game: An Experimental and Theoretical Analysis," Games, MDPI, Open Access Journal, MDPI, Open Access Journal, vol. 2(3), pages 333-354, September.
  3. Giovanna Devetag & Francesca Pancotto & Thomas Brenner, 2011. "The Minority Game Unpacked: Coordination and Competition in a Team-based Experiment," CEEL Working Papers 1102, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
  4. Kets, W., 2007. "The Minority Game: An Economics Perspective," Discussion Paper, Tilburg University, Center for Economic Research 2007-53, Tilburg University, Center for Economic Research.
  5. Pietro Dindo & Jan Tuinstra, 2011. "A Class of Evolutionary Models for Participation Games with Negative Feedback," Computational Economics, Society for Computational Economics, vol. 37(3), pages 267-300, March.
  6. Jona Linde & Joep Sonnemans & Jan Tuinstra, 2013. "Strategies and Evolution in the Minority Game: A Multi- Round Strategy Experiment," Tinbergen Institute Discussion Papers 13-043/I, Tinbergen Institute.
  7. Kets, W. & Voorneveld, M., 2007. "Congestion, Equilibrium and Learning: The Minority Game," Discussion Paper, Tilburg University, Center for Economic Research 2007-61, Tilburg University, Center for Economic Research.

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